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Tuesday, March 17, 2009

Business Tip #1: Taking Action

When people plan some business activity, they, of course, want it to work. However, there is such a thing as overplanning. It is impossible to predict everything that will happen. While we might like to achieve perfection in what we do, this is business, not art! Comprompises must be made. The 80/20 rule should be applied.

After a while,pursuit of perfection just becomes procrastination.

Because we can never be sure how our market will react to what we do, we must, at some point take the plunge. We can always adjust later. So it is:

Ready-Aim-Fire-Adjust your Aim-Fire some more.

If we are unsure, we can always run a pilot, but in the end, it is more important to get it done than get it right.